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The differences between reconciliation analysts and corporate finance analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a reconciliation analyst and a corporate finance analyst. Additionally, a corporate finance analyst has an average salary of $76,023, which is higher than the $55,716 average annual salary of a reconciliation analyst.
The top three skills for a reconciliation analyst include reconciliations, portfolio and reconciliation process. The most important skills for a corporate finance analyst are financial analysis, strong analytical, and financial models.
| Reconciliation Analyst | Corporate Finance Analyst | |
| Yearly salary | $55,716 | $76,023 |
| Hourly rate | $26.79 | $36.55 |
| Growth rate | 11% | 9% |
| Number of jobs | 59,659 | 114,375 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 76% |
| Average age | 44 | 40 |
| Years of experience | 4 | 4 |
A reconciliation analyst is responsible for resolving transaction discrepancies between institutions, especially in financial and business records. Reconciliation analysts conduct audits on reports to identify gaps and inconsistencies and escalate it to the reconciliation supervisor for resolution recommendation. They also review account statements, update information on the database, and coordinate with other departments for the necessary filing of documents. A reconciliation analyst must have excellent analytical and critical-thinking skills, especially in providing immediate solutions to clients by adhering to the company's requirements and regulations.
Corporate finance analysts make significant business decisions based on the data they gather. Typically, corporate finance analysts work within an organization and support management decisions through actionable financial information. They monitor the taxes, expenses, financial statements, and other financial details of where the company sources its income. This position requires a formal qualification in accounting. It also necessitates the analyst to develop interpersonal skills, knowledge in information technology software, financial reporting skills, and experience in management.
Reconciliation analysts and corporate finance analysts have different pay scales, as shown below.
| Reconciliation Analyst | Corporate Finance Analyst | |
| Average salary | $55,716 | $76,023 |
| Salary range | Between $39,000 And $79,000 | Between $52,000 And $109,000 |
| Highest paying City | Boston, MA | San Francisco, CA |
| Highest paying state | Massachusetts | Michigan |
| Best paying company | J.P. Morgan | |
| Best paying industry | Finance | Finance |
There are a few differences between a reconciliation analyst and a corporate finance analyst in terms of educational background:
| Reconciliation Analyst | Corporate Finance Analyst | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Pennsylvania |
Here are the differences between reconciliation analysts' and corporate finance analysts' demographics:
| Reconciliation Analyst | Corporate Finance Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 38.0% Female, 62.0% | Male, 63.5% Female, 36.5% |
| Race ratio | Black or African American, 8.1% Unknown, 4.5% Hispanic or Latino, 8.9% Asian, 11.4% White, 66.9% American Indian and Alaska Native, 0.2% | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 12% | 7% |